Are We Misreading The Oil Demand Shock From Hormuz?
The consensus was that the oil price would return to pre-war levels once the Strait of Hormuz opened. It is time to challenge that presumption.
Oil Demand Destruction Global oil production, prices and demand are significantly influenced by the flow of oil through the Strait of Hormuz. Oil producers outside the Gulf can, to some extent, increase their production, and some oil from Saudi Arabi... [3877 chars]